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Taya2010 [7]
2 years ago
7

How were the common people affected by the surplus?

Business
1 answer:
Lana71 [14]2 years ago
7 0

The common people affected by the surplus:

The common people were affected by this surplus by being put into cities rather than their property on the farm. This separated families because the men, women, and children were all working long days at the factories rather than the family dynamic that they had when working on the farm together.

The definition of surplus is something this is in excess of what you need. An example of surplus goods is gadgets you do not need and haven't any use for. An instance of surplus cash is money left over after you have got paid all of your payments.

A budget surplus occurs while government brings in extra from taxation than it spends. finances surpluses aren't always beneficial as they could create deflation and monetary growth. finances surpluses aren't always terrible or right, but extended intervals of surpluses or deficits can cause vast problems.

Army surplus is goods, typically matériel, which can be offered or in any other case disposed of when now not needed by the military. marketers often buy these goods and resell them at surplus shops.

Learn more about the surplus here: brainly.com/question/16177976

#SPJ4

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On April 1, Holton Company borrows $100,000 from West Bank by signing a 6-month, 6%, interest-bearing note.
topjm [15]

Answer:

A. Dr Cash $100,000

Cr Notes Payable $100,000

B. Dr Interest expense $1,500

Cr Interest Payable $1,500

Explanation:

a Preparation of the entry on April 1 when the note was issued.

Dr Cash $100,000

Cr Notes Payable $100,000

(To record note issued)

B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements

Dr Interest expense $1,500

Cr Interest Payable $1,500

($100,000 x .06 x 3/12)

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Which planet is the most heavily cratered of the terrestrial planets
Georgia [21]
Mercury hope i helped #im a beast
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What is the name given to the person whose risk is covered?
Iteru [2.4K]
The insured is the person whose life is being covered against the risk under the policy.
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3 years ago
Hooray! You won the lottery, but you have a choice of taking the $20,000 per year for the next 20 years or taking a lump settlem
Artyom0805 [142]

Answer:

The minimum value is $196,362.95

Explanation:

Giving the following information:

Cash flow= $20,000

The number of years= 20 years

Interest rate= 8%

First, we need to calculate the future value of the cash flows. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {20,000*[(1.08^20)-1]} /0.08

FV= $915,239.29

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PV= FV/(1+i)^n

PV= 915,239.29/ 1.08^20

PV= $196,362.95

3 0
3 years ago
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUS) representing 5 million of its $1 par common s
o-na [289]

Answer:

1.$45 million

2. No journal entry required

3. Dr Compensation expense $15 million

Cr paid in capital - restricted stock $15 million

4. Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

5. Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

6. Dr Paid in capital - restricted stock $45 million

Cr Common stock $5 million

Cr Paid in capital - excess of par $40 million

Explanation:

1. Calculation to Determine the total compensation cost pertaining to the RSUs.

Total compensation cost pertaining to the RSUs

=$9.00 fair value per share × 5 million shares represented by RSUs granted

Total compensation cost pertaining to the RSUs=$45 million

Therefore the total compensation cost pertaining to the RSUs will be $45 million

2. Preparation of the appropriate journal entry to record the award of RSL's on January 1, 2021.

No Journal entry required

3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2021.

Dr Compensation expense $15 million

($45 million/3 years )

Cr Paid in capital - restricted stock $15 million

4. Preparation of the appropriate journal entry to record compensation expense on December 31, 2022.

Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

($45 million/3 years )

5. Preparation of the appropriate journal entry to record compensation expense on December 31, 2023.

Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

($45 million/3 years )

6. Preparation of the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023.

Dr Paid in capital - restricted stock $45 million

Cr Common stock $5 million

Cr Paid in capital - excess of par $40 million

($45 million-$5 million)

6 0
3 years ago
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